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p.p.t presentation
accounting
• It is system of recording and summarising business and financial transaction and
analysing, verifying and reporting the results.
• Earlier accounting was considered simply as a process of recording business
transaction and the roles of account however
• Accounting is now considered to be a tool of management providing vital information
concerning the organisation future
• Availability of acoounting in any business transactions ignities the business to run
with efficiency.
Scope of Management accounting
Limitation of Accounting
WHAT IS GAAP
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